Social Business

What is a sociable personal credit line?
Refresher for Global cordial Business Summit Participants

4 November 2010 Autostadt in Wolfsburg, Germany

Muhammad Yunus vision

Market-based solutions to accessible problems

I am proposing to create another kind of business, based on selflessness that is in all of us. I am affair it loving business.
Prof. Muhammad Yunus Nobel Peace Prize Laureate Inventor of Microfinance offend of the Grameen Bank Initiator of the idea of social business

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What is a social business?

Non-loss, non-dividend bon ton providing a solution to a social problem

NGOs/Public Sector

Social Business

Traditional Business

Ends

Social & environmental solutions

cyberspace maximization

Means

Donations or taxes

Selfsustainable

Social business unites the dynamism of traditional business with the social conscience of charity - Prof. Yunus
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The seven principles of social business
As defined by Prof. Yunus

1. Business objective will be to overcome poverty, or one or more problems (such as education, health, technology access, and environment) which threaten people and society; not dinero maximization 2. Financial and economic sustainability 3. Investors get back their investiture amount only.



No dividend is given beyond enthronization money

4. When investment amount is paid back, company profit stays with the company for expansion and improvement
5. Environmentally conscious

6. Workforce gets market wage with discover working conditions
7. …do it with joy

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Social goals

In principle, social businesses plunder help address all or most social issues

Types of organization
Social businesses are typically incorporated as hold companies or another legal form with well-defined ownership rights However, these social businesses can be initiated or operated by: o Individual entrepreneurs o Private companies o NGOs o Foundations o Governments Existing entities can also be converted into social...If you postulate to get a full essay, order it on our website: Ordercustompaper.com



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